Romanian Stock Exchange reported strong losses on Tuesday following US rejection of financial rescue plan

The Romanian Stock Exchange (BVB) tempered on Tuesday the decline that marked the opening of trading session following the rejection by the US Congress of the financial rescue plan agreed a day before. By closing bell, the general index of the BVB reported a 2.74% loss, while the index of the five financial investment societies reported the heaviest drop on a market with a liquidity twice as high as a day before.

On opening bell, the BVB composite index showed a depreciation of over 5%, but after 30 minutes quotes started to grwo untill noon. After 2 p.m., quotes started to grow slightly again, but could not reach the level of yesterday’s closing.

The BET-C index fell by 2.74% to 3,235.74 points, while BET, which covers the most liquid listed titles, lost 3.88% to 4,258.04 points. BET-FI, covering the five financial investment societies, reported a fall of 5.56% to 25,392.00 points.